Salaries

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 August 2011 Sir,
Please any body can give the details of provision of 5 Lakhs exemption limit to salaries employee as per latest amendment

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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08 August 2011 Exemption is available to salaried person if he provides all the details of his income to his employer about his other sources of income and get TDS deducted upon that. It is not applicable to other category of assessees.

This scheme may not be so successful as the return of income has become an essential document for obtaining loans etc.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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08 August 2011 For details of the scheme pl refer notification 36/2011 in http://ipaspandhra.blogspot.com/2011/06/cbdt-notification-on-exemption-of.html

Querist : Anonymous

Querist : Anonymous (Querist)

08 August 2011 Thank you for your quick replies

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